TREX

TREX Co., Inc.

Industrial/Transportation


Presented:02/11/2025
Price:$69.28
Cap:$7.42B
Current Price:$60.88
Cap:$6.53B

Presented

Date02/11/2025
Price$69.28
Market Cap$7.42B
Ent Value$7.31B
P/E Ratio31.57x
Book Value$8.23
Div Yield0%
Shares O/S107.14M
Ave Daily Vol1,145,209
Short Int6.38%

Current

Price$60.88
Market Cap$6.53B
Trex Co., Inc. engages in the manufacture of wood-alternative decking and railing. Its products include deck framing and drainage, outdoor lighting, furniture, pergola and outdoor kitchens, fencing, collections, and accessory hardware. It operates through the following segments Trex Residential Products and Trex Commercial Products. The Trex Residential segment offers Fencing, Railing, Decking and Accessories. The Trex Commercial Products segment offers Architectural Railing System, Aluminum Railing Systems, Staging Equipment and Accessories. The company was founded by Andrew U. Ferrari and Roger A. Wittenberg on September 4, 1998, and is headquartered in Winchester, VA.

Publicly traded companies mentioned herein: Azek Company Inc (AZEK), Trex Co Inc (TREX)

Highlights

The presenter is short shares of Trex Co Inc (TREX), believing that revenue was likely overstated last year, and expecting the company to feel pressure from price compression in lumber prices and AZEK taking market share. Trading above its historical multiple on near-peak margins, the presenter could see the stock return to a pre-COVID EBITDA multiple near 15x, and coupled with the expectation that top and bottom line growth comes down, he models a share price below $50 per share.

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Idea Discussion

Commentor 1 - 2 weeks ago

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